All tagged Financial Education
The end is neigh, well the end of the tax year that is. With just under two weeks to go until the new tax year, I’ve been hard at work getting all my tax affairs in order, sorting out my ISA and pension allowances. It’s the same routine every year, but for the last few, it’s been accompanied by a flood of memories, bringing me back to that day when I set up my very first Junior ISA (‘JISA’) for my daughter.
There is a growing trend of setting goals to target financial independence and retire early. It also feels like the first rule of achieveing this is to payoff your mortgage. Well, if you pay off your mortgage quicker you can have freedom and control over how you work and your life. Those that chase financial independence or financial freedom often site this as one thing to focus on.
As someone that has worked in the investment industry for over a decade, it still leaves me thinking if this is really the most efficient outcome for your net worth over time.
If you've been following the news, you may have heard that The Monetary Policy Committee (MPC), which is a committee of the Bank of England (BoE) which is responsible for making interest rate decision, has voted to raise interest rates to 0.75%. This is the first time since 2009 that the rate has been above 0.5%.
Once a good budget is in place, it is important to review it frequently to make sure it is still fit for your life style and there are no expense leakage or lifestyle creep leading to more expense than you should have.
Ms Sunshine was one of our very first MoneyNoters. She came to us after spending years struggling with debt. Here is her story.
£15,000! I finally had to come clean to my mum about my debt and as expected I could hear the disappointment in her voice as she repeated the numbers.
Millennial - the avocado toast eating, unicycle riding me me me generation according to many.
JAM? No we are not talking about the sweet gooey stuff you spread on your toast or trying to use hipster slang to mean partying. JAM has instead come to refer to a whole new social class - the “Just About Managing”.
One of the main reason why so many people have a mental block when it comes to the financial world is the absolute abundance of jargon.
A few weeks ago, BBC Radio Four’s brilliant Money Box Live focused on a topic that is always dear to our hearts - Household debt.
From the very first time I heard this quote, it resonated deeply within me, simply because it perfectly spoke to my constant passion to educate both myself and others about their money.